Holmdel Receives $1.9 Million in State Municipal Aid
State aid remains flat from 2012.
Holmdel Township is receiving $1,990,433 from the state for its 2013 budget, according to numbers released from Trenton last week.
Last year, Holmdel Township adopted a budget which increased 3.2 cents, to 34.3 cents per $100 of assessed valuation, while receiving the same state aid.
According to Gov. Chris Christie, no Monmouth County township will see a decrease in funding this year.
“Together with bipartisan reforms such as the 2 percent property tax cap, pension and health benefits changes, and a 2 percent cap on interest arbitration awards, we are delivering real relief to property taxpayers in New Jersey as evidenced by two consecutive years of the smallest property tax increases in two decades," Christie said in a news release.
Neighboring townships Hazlet and Colts Neck received $1,884,339 and $1,980,938 respectively.